Non-bank lenders have become the largest source of mortgage lending in the country. – The Washington Post 9/21/18

September 21, 2018

As reported by Jonnelle Marte in The Washington Post, non-bank lenders have been increasing their market share due in part to traditional banks scaling back their presence in the mortgage market.

“Banks aren’t really making loans to low- to moderate-income families, so non-banks are doing it,” said Scott Olson, executive director of the Community Home Lenders Association, a trade group representing small and midsize non-bank lenders.

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